El Salvador president new indirect response against Bitcoin critics
Nayib Bukele responded to a tweet against the Bitcoin critics for its volatility.
Nayib Bukele is the president of El Salvador. He created history by introducing a law for Bitcoin to use it as a currency alongside the US dollar. With the decision of Bitcoin adoption, Nayib introduced many systems in the country to bring huge opportunities for the citizens to generate revenue and also generate employment with bitcoin-related works.
On 3 February, PayPal’s stock faced a sudden correction by about 25%, which was totally out of belief because it was a very significant crash because it was not expected with the stock price of such a high-level payment Network company, which is in top in the world.
The main reason behind the correction in the price of PayPal’s stock, as per reports, is that the company’s full-year revenue guidance for 2022 came in below estimates, with the company blaming inflation pressures.
Bitcoinmagazine shared this news and quoted that “Bitcoin is too volatile.”
In response, Nayib Bukele, president of El Salvador, retweeted this tweet of Bitcoin magazine and wrote “It is Trending”.
Through this quote tweet, Nayib tried to say that if Bitcoin will face a correction of 10-20% then it will go through trending news and people will start to criticize him for adopting Bitcoin but no one will significantly point out such corrections, for no reason.
This quoted tweet by Nayib Bukele is also a return slap on the chicks of those people, who keep saying that Bitcoin and other crypto-assets are too volatile in comparison to the stock market and people should not go with the crypto market.
Nayib usually remains active on Twitter to remain aware of what is going on about him and his country with the Bitcoin adoption.
People from other countries are also interested in going to El Salvador, which is a clear hint that Nayib successfully made El Salvador a part of foreign visitors’ traction. Obviously, there is no tax on Bitcoin profit, Bitcoin city, Bitcoin beach and one big thing is use of Bitcoin in payment option freely.
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